BITCOIN (BTC/USD) 12/08/2024
Bias as of drawing this idea is Bearish...
62K appears to be holding resistance as price falls to test for support.
A failure could mean a new test of 50k again, a failure to find a support could mean we see a test of 40k and then 30k.
Finding support above 60k would change bias...
70k would also have to be broken and tested for support for any continuation up.
62K appears to be holding resistance as price falls to test for support.
A failure could mean a new test of 50k again, a failure to find a support could mean we see a test of 40k and then 30k.
Finding support above 60k would change bias...
70k would also have to be broken and tested for support for any continuation up.
Note
Experience tells me to sell to 50k and wait to see the markets reaction... #BTCUSDNote
Last week #BTC pushed up above 58k and briefly went above 60k...
A retest of 58k as support and climb back up is a good sign for continued upward momentum... #BTCUSD
Note
If the higher highs and higher lows continue, we're looking at 64k then 66k and then finally 70k.
70k is where support could indicate its time for new aths.
Lock-in #BTC #BITCOIN
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